The Financial Services Authority's probe into the annuity market is long overdue and could be a welcome addition to the drive to ‘reinvigorate workplace pensions'.
Although the desire to get creative and reinvent pensions is laudable and will hopefully improve the industry in the long term, sorting out the annuity market should be a quick fix. Research published...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.